Hillman Solutions (NASDAQ:HLMN) Reaches New 52-Week Low - Time to Sell?

Shares of Hillman Solutions Corp (NASDAQ:HLMN - Get Free Report) hit a new 52-week low on Wednesday . The company traded as low as $6.97 and last traded at $7.01, with a volume of 4313406 shares trading hands. The stock had previously closed at $7.57.

Wall Street Analyst Weigh In

A number of research firms recently commented on HLMN. Baird R W downgraded Hillman Solutions from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 16th. Robert W. Baird decreased their price objective on shares of Hillman Solutions from $9.00 to $8.00 and set a "neutral" rating for the company in a research note on Wednesday, April 30th. Benchmark reiterated a "buy" rating and issued a $16.00 price objective on shares of Hillman Solutions in a research note on Wednesday, February 19th. Finally, Barclays decreased their target price on shares of Hillman Solutions from $11.00 to $8.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $11.25.

Hillman Solutions Trading Up 4.8 %

The firm has a market cap of $1.48 billion, a PE ratio of 93.70 and a beta of 1.67. The company has a 50-day simple moving average of $8.44 and a 200 day simple moving average of $9.74. The company has a current ratio of 2.32, a quick ratio of 0.76 and a debt-to-equity ratio of 0.62.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.10 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.10. Hillman Solutions had a net margin of 1.17% and a return on equity of 8.79%. The firm had revenue of $359.34 million for the quarter, compared to the consensus estimate of $358.14 million. During the same period in the prior year, the firm posted $0.10 earnings per share. The firm's quarterly revenue was up 2.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Hillman Solutions Corp will post 0.58 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hillman Solutions

A number of institutional investors have recently modified their holdings of the business. Federated Hermes Inc. acquired a new stake in Hillman Solutions in the fourth quarter valued at approximately $25,000. R Squared Ltd acquired a new stake in Hillman Solutions in the 4th quarter valued at $32,000. KBC Group NV purchased a new stake in Hillman Solutions in the 1st quarter worth $35,000. Sterling Capital Management LLC raised its position in Hillman Solutions by 765.8% during the fourth quarter. Sterling Capital Management LLC now owns 5,169 shares of the company's stock worth $50,000 after acquiring an additional 4,572 shares during the period. Finally, Lazard Asset Management LLC lifted its holdings in Hillman Solutions by 1,911.4% during the fourth quarter. Lazard Asset Management LLC now owns 6,517 shares of the company's stock valued at $63,000 after purchasing an additional 6,193 shares in the last quarter. 98.11% of the stock is currently owned by institutional investors and hedge funds.

Hillman Solutions Company Profile

Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman is a leading North American provider of complete hardware solutions, delivered with industry best customer service to over 40,000 locations. Hillman designs innovative product and merchandising solutions for complex categories that deliver an outstanding customer experience to home improvement centers, mass merchants, national and regional hardware stores, pet supply stores, and OEM & Industrial customers.